). The paper deals with some results of empirical research into the effects of the minimum wage on enterprises and employment …

development of the supply and demand sides of this market. Great attention is paid to the long-term trends in employment, self-employment …, especially the unfavourable decline in young labour force in the present difficult period, a special pattern of Czech self-employment …

), production and indirectly also employment. In the retail market the consumer price index (CPI) is formed. We specify a simple … dynamic model with two state variables: CPI and PPI. Real variables - production and employment - are fully determined by CPI … shocks to the PPI inflation, production and employment equations. In the second part we implement the model on monthly data …